US EditionBipartisan senators offer new bill aimed at lowering drug prices
- Senators Josh Hawley and Peter Welch have proposed a bill aimed at lowering prescription medication costs in the U.S. By ensuring American prices do not exceed those in several other developed nations.
- The legislation addresses the issue that U.S. Patients face significantly higher prescription drug costs compared to those in several other developed nations, contributing to challenges in medication affordability.
- It proposes civil penalties that require companies to pay ten times the difference per unit sold if they charge higher than the international average drug price in the U.S.
- Senator Hawley highlighted that Americans have been bearing the financial burden of prescription drugs for people in other countries while facing excessively high prices for their own medications, and Senator Welch described the current drug pricing situation as intolerable.
- The bill aims to continue reforms reducing drug costs, offering a bipartisan framework to make medicines affordable and end markets that favor pharmaceutical companies over patients.
19 Articles
19 Articles
The U.S. pharmaceutical industry estimates that President Donald Trump’s new drug price proposal could cost the sector up to $1 billion in a decade, according to his largest business group to members of Congress. The idea, first presented last week by the White House as a way to help finance the president’s tax cut plan, took the pharmaceutical industry by surprise and triggered an angry pressure campaign.
Can you bring medicine for personal use to the U.S. from Mexico?
Editor’s Note: El Paso Matters partners with Gigafact to produce “fact briefs” that examine claims about issues shaping our community. Yes. United States citizens who purchase over-the-counter or prescription medications from outside of the country are allowed to bring them into the U.S. if they’re approved for use by the Federal Drug Administration. However, U.S. citizens may only bring up to a 90-day dosage, according to U.S Customs and Bord…
The Senate announced a bipartisan bill aimed at lowering the price of medicines. It is the Fair Prices Act for Prescribed Medicines for Americans, which focuses on the list price of drugs and was promoted by Senators Josh Hawley (R-MO) and Peter Welch (D-VT). Read more]]>
Bipartisan senators offer new bill aimed at lowering drug prices
A bipartisan pair of senators introduced legislation to lower prescription drug prices by prohibiting pharmaceutical companies from selling drugs in the U.S. at higher prices than the international average. The bill from Sens. Josh Hawley (R-Mo.) and Peter Welch (D-Vt.) is a riff on the “most favored nation” policy President Trump pushed in his first…
Pharmacists demand urgent control over rising medicine prices
A representational image of medicines. — Pexels/FileAlarmed by the continuous rise in medicine prices across Pakistan, the Pakistan Pharmacist Association’s Sindh chapter on Sunday demanded immediate policy action from the government and the Drug Regulatory Authority of Pakistan to...
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